By Kiku Steinfeld
Chicago, Jan. 16 – GS Finance Corp. priced $265,000 of autocallable contingent coupon index-linked notes due April 13, 2021 linked to the least performing of the Nikkei 225 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.75% if each index closes at or above its 75% coupon barrier on the review date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any call observation date after six months.
The payout at maturity will be par plus the final coupon, unless either index finishes below its initial level and either index closes below its 75% trigger level during the life of the notes, in which case investors will be exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying assets: | Nikkei 225 index, Euro Stoxx 50 index
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| Amount: | $265,000
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| Maturity: | April 13, 2021
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| Coupon: | 7.75% annualized, payable quarterly if each index closes at or above 75% coupon barrier on review date for that quarter
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| Price: | Par
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| Call: | At par plus coupon if each index closes at or above its initial level on any interest payment date after six months
|
| Payout at maturity: | Par plus coupon unless either index finishes below initial level and either index closes below 75% trigger level during life of notes, in which case 1% loss per 1% decline of worse performing index
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| Initial index levels: | 23,204.86 for Nikkei, 3,752.52 for Stoxx
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| Trigger levels: | 75% of initial levels
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| Pricing date: | Jan. 6
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| Settlement date: | Jan. 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40056XWK8
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